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(Thread IKs: skooma512)
 
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Mr Hootington
Jul 24, 2008
Probation
Can't post for 6 days!

coelomate posted:

picking up the old discussion as we parse the new not-a-bailout bailout:

I think this is kinda spot on? The fed has a dual mandate: low inflation and low unemployment.

They're gonna meet and observe low unemployment and high inflation.

Like I GUESS they might say "uh oh scared of banks going kapow" but... they acted forcefully to stop that. I'd put money on a 0.25% increase or more in 10 days TBH.

Yep. This event has allowed them to protect the wealthy and big business from any adverse effects from rate hikes going forward.

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Mr Hootington
Jul 24, 2008
Probation
Can't post for 6 days!

anime was right posted:

if anyone has good content for the OP lmk

Follow Wolff
https://twitter.com/profwolff?t=x3ZAQYQaYRXGQ87PBuv0Iw&s=09
Follow Democracy@Work
https://twitter.com/democracyatwrk?t=PktU4NajkHKLhsjyR23uog&s=09
https://youtube.com/@democracyatwrk

I have a lot more but those are the great ones.

Mr Hootington
Jul 24, 2008
Probation
Can't post for 6 days!
This is a bullish signal to me

Mr Hootington
Jul 24, 2008
Probation
Can't post for 6 days!
https://twitter.com/lisaabramowicz1/status/1635065187438059520?t=i7fWXW0TxPLX-q_VwtbaOw&s=19

Mr Hootington
Jul 24, 2008
Probation
Can't post for 6 days!

mastershakeman posted:

Bitcoin just spiked like 10 percent because the highly paid silicon valley employees who are absolutely driving inflation in housing, cars etc (despite producing nothing tangible like food or car parts) immediately started speculating with their money again

Gonna love seeing more demand for unemployment, but for poors only, by Money Experts this summer

I'm so angry

Mr Hootington
Jul 24, 2008
Probation
Can't post for 6 days!

Vox Nihili posted:

yeah the depositor backstopping is a de facto bailout for the at-risk banks that haven't failed yet

I still don't understand where the money is coming from or how it works legally lmao

They repurposed an already established Tax.

Mr Hootington
Jul 24, 2008
Probation
Can't post for 6 days!

A long rambling yes

Mr Hootington
Jul 24, 2008
Probation
Can't post for 6 days!
https://twitter.com/MorganRicks1/status/1635067079006240769?t=DTJTFNRK9pGQZHLO_gvGuw&s=19

Consensus seems to be forming that this is a bailout and that what the FEd and treasury has done is insanity.

Mr Hootington
Jul 24, 2008
Probation
Can't post for 6 days!
Lmao when the fed balance sheet starts going up again

Mr Hootington
Jul 24, 2008
Probation
Can't post for 6 days!

FizFashizzle posted:

Forgive me, if this is wrong, or obvious, but I read that many of the start ups were required by their founders to park their money at SVB. Presumably, this money was coming from accounts that were already at SVB.

Doesn’t that just scream fraud?

Welcome to all of American finance.

Mr Hootington
Jul 24, 2008
Probation
Can't post for 6 days!
some takes

Mr Hootington
Jul 24, 2008
Probation
Can't post for 6 days!
This was such a monumental mistake that will have unforeseen consequences.

Mr Hootington
Jul 24, 2008
Probation
Can't post for 6 days!

comedyblissoption posted:

is intentionally engineering a bank run using your own money while shorting stock legal? asking for a friend

Yes if you are Peter theil

Mr Hootington
Jul 24, 2008
Probation
Can't post for 6 days!
More takes from fintwit

Markets saw the fed blink and believe it is over.
https://twitter.com/lisaabramowicz1/status/1635080947510157314?t=7UcVL15tKbFQgvSOhwrT2g&s=19
Goldman says fed will pause.
https://twitter.com/PriapusIQ/status/1635103390148739073?t=cnJKg1yferkWmO8XEmM8bQ&s=19

Mr Hootington
Jul 24, 2008
Probation
Can't post for 6 days!

euphronius posted:

did rich people fail a bank on purpose to slow down Jerome ?

Yes

Mr Hootington
Jul 24, 2008
Probation
Can't post for 6 days!
Goldman saying brrrrrring is back
https://twitter.com/PriapusIQ/status/1635103640322211840?t=dZbehkz1CFy6Qcv-ojYkWw&s=19

Jpm expects 25bps
https://twitter.com/NickTimiraos/status/1635103856983179264?t=gK8lUW2EFhpQ_t2NzfJShQ&s=19

Mr Hootington
Jul 24, 2008
Probation
Can't post for 6 days!
Yields are plummeting

Mr Hootington
Jul 24, 2008
Probation
Can't post for 6 days!
https://twitter.com/StevenKelly49/status/1635087615547576333?t=3lg4W9iQOgp-DgKCRWagHA&s=19
https://twitter.com/StevenKelly49/status/1635087621499269121?t=tIfvcaQUeH20lUW6Ooc5DQ&s=19

Mr Hootington
Jul 24, 2008
Probation
Can't post for 6 days!

coelomate posted:

sure they can. One of the major risks to raising rates too much or too quickly was the unrealized losses that would pile up on bank balance sheets.

As of Sunday March 12th, there's no such thing as an unrealized loss on a bank's balance sheet due to interest rate moves - they can immediate cash against them at their old value. It's effectively a 600 billion dollar stimulus lmao just lmao.

jpow could set rates to 25% tomorrow and the banks wouldn't blow up :toot:

It is so good

Mr Hootington
Jul 24, 2008
Probation
Can't post for 6 days!

You should see the other poo poo the rest of finance twitter posts.

Mr Hootington
Jul 24, 2008
Probation
Can't post for 6 days!

A Bakers Cousin posted:

someone said bloomberg terminals have some sort of social function? Id image if thats so its full of all kinds of winners

It does and I dream of the day I can see the chat logs of the worst people on earth

Mr Hootington
Jul 24, 2008
Probation
Can't post for 6 days!
Good morning

Mr Hootington
Jul 24, 2008
Probation
Can't post for 6 days!
HSBC bought the SVB UK branch for £1

Mr Hootington
Jul 24, 2008
Probation
Can't post for 6 days!
2 year treasurers yield is down .52BPS. :prepop:

Mr Hootington
Jul 24, 2008
Probation
Can't post for 6 days!

coelomate posted:

if you're a billionaire you should have your billions in short term us treasuries. no bank risk and 4.5% interest dummy.

Bank accounts aren't GOOD. They suck. They're just necessary for payroll and poo poo.

It is 4% now

Mr Hootington
Jul 24, 2008
Probation
Can't post for 6 days!
Lol krugman
https://twitter.com/paulkrugman/status/1635260909403897858?t=AsC5BDdFQ7ggKD8NvXZl0g&s=19


Lol markets insane
https://twitter.com/DeItaone/status/1635258413251985410?t=qf1-juD6HAzN6-7UQEcmeQ&s=19

Mr Hootington
Jul 24, 2008
Probation
Can't post for 6 days!
A good Clip and she is right.
https://twitter.com/0ddette/status/1635259675485831170?t=k96MMRgv-VHZEbi6kBZPEw&s=19
https://twitter.com/0ddette/status/1635261561320374272?t=rJiOzaXC8GQ1eCXhuJ1sGg&s=19

Mr Hootington
Jul 24, 2008
Probation
Can't post for 6 days!

Mr Hootington
Jul 24, 2008
Probation
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Furman, who was praising all of this last night, is going wait a minute
https://twitter.com/jasonfurman/status/1635268094502531074?t=-sLTQoGayxNtPIxhBlQVVw&s=19
https://twitter.com/jasonfurman/status/1635268109094486016?t=-RuKtc8se3BHYCpPFafwRA&s=19

Mr Hootington
Jul 24, 2008
Probation
Can't post for 6 days!
Working hard!
https://twitter.com/DennisKelleher/status/1635269410578661378?t=iBrruYDKKOi1dle6B6e19w&s=19

Another good thread and also lmao
https://twitter.com/DanielaGabor/status/1635269918940893185?t=M6iL8jCk2SqLi85qYzEIpA&s=19

Mr Hootington
Jul 24, 2008
Probation
Can't post for 6 days!
Lmao at bank stocks eating poo poo because investors are terrified they will not be made whole if a bank implodes.

Mr Hootington
Jul 24, 2008
Probation
Can't post for 6 days!
Anyone have the cnbc live TV link?

Mr Hootington
Jul 24, 2008
Probation
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Our beloved chart goddess Liz Ann Sonders works at Schwab.

Mr Hootington
Jul 24, 2008
Probation
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Koirhor posted:

here comes the rally back in the green

Mr Hootington
Jul 24, 2008
Probation
Can't post for 6 days!
People at my work are starting to talk and get antsy about this. I can overhear them saying ALL banks are having runs and are failing and people need to get their money out now.

Should be interesting to see if they do this.

Mr Hootington
Jul 24, 2008
Probation
Can't post for 6 days!

SKULL.GIF posted:

One of the boomers who texted me earlier scoffed when I explained the financial market was addicted to ZIRP and we're seeing insane withdrawal symptoms. He told me he bought a house at 17% interest and then refinanced to 13% in the early 1980s and then sneered at the markets for not being able to handle 5% interest.

Lol love the boomers

Mr Hootington
Jul 24, 2008
Probation
Can't post for 6 days!
I will poo poo myself laughing if social media causes a FUD based economic crash

Mr Hootington
Jul 24, 2008
Probation
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Good Soldier Svejk posted:

does Jim Cramer always look like he just drank a half bottle of tequila at 10AM or today special

Yes

Mr Hootington
Jul 24, 2008
Probation
Can't post for 6 days!
There is no need for this panic. Lol

Lmao

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Mr Hootington
Jul 24, 2008
Probation
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Anyone have a CNBC livestream link?

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